Nadhim Zahawi hastily confirmed as new Chancellor as Boris Johnson’s cabinet crumbles in front of nation’s eyes July 6, 2022 Nadhim Zahawi is the new Chancellor, Downing Street has confirmed. He will move from the post of education secretary, to be replaced by Universities Minister Michelle Donelan. Boris Johnson has responded to Rishi Sunak’s departure as chancellor, saying he was “sorry” to have received Mr Sunak’s resignation letter and praising his “outstanding service”. In a [...]
HgCapital and a dash of HG Sauce July 5, 2022 Inflation on the up; recession threat rising; markets in the land of the bears – just three of the issues confronting the private equity sector today. Standard operating procedure for investors in private equity investment trusts when faced with such a backdrop? Assume heavy NAV markdowns, a dearth of realisations and significant widening of discounts. [...]
NHS takes it to the sky with new fleet of drones to drop chemotherapy drugs across UK in first of its kind July 5, 2022 The NHS said this morning it plans to use drones to deliver chemotherapy drugs in a bid to speed up the delivery of vital medicines across the UK. It is hoped that using drone technology will one day enable doctors to make “same-day delivery” orders for drugs and medical equipment from anywhere in the country. [...]
Tory MP Caroline Nokes reported Chris Pincher for being drunk mid-afternoon, 24 hours before groping attack July 5, 2022 Senior Tory MP Caroline Nokes claimed she reported Chris Pincher for being ‘drunk in the middle of the afternoon’ last Tuesday – 24 hours before his alleged groping attack. But nothing was done, she said late last night. Nokes shared on TalkTV that she witnessed the former Deputy Chief Whip, Chris Pincher, ‘drunk in the [...]
After Eamon Holmes, Gary Lineker and Lorraine Kelly, Sky Sports star Alan Parry hit with £356k tax bill: ‘Who will HMRC target next?’ July 5, 2022 Sky Sports presenter, Alan Parry, has had his appeal against a £356,420.37 IR35 tax bill dismissed at a First-Tier Tax Tribunal hearing. Parry was contesting that the contracts his limited company, Alan Parry Productions Limited, held with BSkyB between tax years 2013/14 to 2018/19 reflected an employment relationship, rather than self-employment. But due to the Judge [...]
Premier League said to have asked clubs to back ban on gambling to avoid regulation July 5, 2022 Premier League clubs have been asked to back a voluntary ban on shirt sponsorships relating to gambling companies as the English football’s top flight looks to avoid legislation that could be part of a gambling White Paper due in the coming weeks. According to Sky Sports, clubs were contacted yesterday by their governing body with [...]
DfT speeds up staff security checks as disruption continues at UK airports July 3, 2022 The Department for Transport (DfT) has assured it was speeding up the process to give aviation staff security clearance while disruption continues at UK airports. Counter-terrorism checks are now being processed in 10 days on average – half the time it took in March – while accreditation now takes 5 days, Sky News first reported. [...]
PM did not know ‘specific claims’ against Chris Pincher before giving him job, says minister July 3, 2022 Boris Johnson was not aware of “specific claims” of sexual misconduct against Chris Pincher before making him deputy chief whip, according to a cabinet minister. Work and pensions secretary Therese Coffey today said “I am aware that the Prime Minister was not aware of specific claims that had been made”, despite claims to the contrary. [...]
Hundreds join vigil for Zara Aleena as family remembers ’empathic and fearless’ Londoner July 2, 2022 Hundreds of people have joined a vigil for Zara Aleena, who was attacked while walking home last week. The 35-year old law graduate was killed after being attacked in Ilford, east London in the early hours of last Sunday. Hundreds of Londoners showed up on Saturday afternoon to finish her walk, from the location of [...]
Shares plunge for Aston Martin after car maker said it was considering all options amid Saudi funding rumours July 1, 2022 Shares in luxury carmaker Aston Martin plunged 14 per cent yesterday after it said it was considering options after rumours that Saudi Arabia’s sovereign wealth fund was eyeing an investment. As first reported by trade publication Autocar, Aston Martin is considering sale of equity in return for an infusion of as much as £200m. It [...]